Populists Back Ron Paul's Plan To Kill the Fed

Populists Back Ron Paul's Plan To Kill the Fed

The trillion-dollar Wall Street bailout plan negotiated by the White House and Congress has reinvigorated the debate about Texas Republican
Rep. Ron Paul’s Federal Reserve Board Abolition Act (HR 2755), which was introduced into Congress in June 2007.

In the halls of Congress, legislators have yet to bring Paul’s bill to the floor. It is currently languishing in the House Committee on Financial
Services.

Now is the time for Americans to fan the flames. Call your congressman and two senators and ask them to support Ron Paul’s bill, which would abolish
the Fed. There can be no end to these manufactured financial crises until the government gets rid of the Fed and replaces it with honest, debt-free
money.

[cont.]

There has been a great deal of discussion about this landmark legislation on the Internet and in the alternative press. Constitution Party
presidential candidate Chuck Baldwin has even made abolishing the Fed one of the top planks in his platform.

Paul’s measure, as it is now, would kill the Federal Reserve Act and would then phase out the Federal Reserve one year after the bill becomes
law.

The Federal Reserve Act, passed by Congress in 1913, laid the foundation for the creation of a privately owned and controlled central bank and gave
private bankers the power to control the nation’s money supply.

Nearly 100 years later, the role the central bank has played in the financial scandal has been widely reported in the mainstream. Former Federal
Reserve chairman Alan Greenspan, once heralded as “the maestro,” has been feeling the heat for supporting the deregulation of financial
institutions and flooding markets with cheap dollars.

U.S. News & World Report had a recent commentary titled “From Enron to the Financial Crisis, With Alan Greenspan in Between” excoriating
Greenspan, who as the nation’s top banker, repeatedly downplayed the risks associated with derivatives even after the collapse of Enron in 2002.

On September 27, The New York Times also hit Greenspan for his failure to watch over and regulate greedy banks. To its credit, the Times also blasted
Congress for dismantling important safeguards, including the Glass-Steagall Act, which kept commercial and investment banks at a safe distance.

“Now we know that an entire ‘shadow banking system’ has grown up,” wrote the Times, “without rules or transparency, but with the ability to
topple the financial system itself.”

Even the cable news shows are getting in on the game. NBC’s cable news show interviewed well-known investor Jim Rogers, who made a fortune betting
on commodities markets.

“How much money does the Federal Reserve have?” asked Rogers. “I know they can run their printing presses forever, but that is not good for the
world. Inflation is not good for the world. A collapsing currency is not good for the world. It means worse recession in the end. . . . I would
abolish the Federal Reserve.”

Neo-conservative talk show host Glenn Beck has also assailed the Federal Reserve for its role in the financial crisis. On September 15, Beck had a
lively debate about who exactly owns the Federal Reserve.

“The Federal Reserve has nothing to do with the government,” said Beck. “It’s a separate, global banking system. . . . And when everyone was
meeting with our Secretary of Treasury Henry Paulson, I thought to myself: ‘Who the hell is representing us, the American people?”

Ron Paul financial advisor Paul Schiff responded: “The Fed got us into this mess. It drives me crazy to see Alan Greenspan on television talking
about this ‘100 year flood,’ like the events that are taking place today are random and have nothing to do with his monetary policy. He blew up
the bubble, and now it’s burst.”

Wall Street Journal editorial writer Steven Moore added: “And by the way, who elected Ben Bernanke? Who elected Alan Greenspan?”

Call your congressman and two senators and ask them to support Ron Paul’s bill, which would abolish the Fed

The same Senators and Congressmen who ignored the 80% of the population that called them expressing their desire to kill the bailout? Something tells
me that they don't give a rats "you know what" about what you or I think.

"The Bush administration doesn't believe in the free market. They have invented no-risk capitalism. They've spent seven years transferring
public money into private hands. Their final act is taking private debt and transferring it into public hands."

Yes, they ignored us. And yes, they will probably ignore us again. But at least we can make their lives miserable, flood the mailboxes, crash the
servers and hopefully give them many, many, many sleepless nights worrying about re-elections.

There is no looking to government officials of the elected variety to address this issue.

Even the honorable Dr. Paul cannot breach the will of the transnational bankers at this juncture.

The system has been altered to protect them and their agenda. It will not be the system itself that 'fixes' this problem. In fact, the system
shows every sign of being managed and driven to a specific end. The crushing of the American economy. Every act they take is sold on an almost
religious faith in the profit-based paradigm of the Fed and its self-destructing monetary policy.

There is no more room for debate and 'political' solutions to a crisis manufactured and exacerbated by those who were oath-bound to fight it tooth
and nail - and there 'esteemed' appointees.

People who will decry the events as reality shows them to be are in short order, and they are not long to prosper, or have access to the means to
spread the word.

An esteemed colleague of mine questioned my categorization of those passing the bill as traitors. When I told them they circumvented the
Constitution, he looked at me blankly, as if such an assertion was ludicrous.

These are the true future victims. God help them, for they are not helping themselves, nor each other, as they rally and cheer around around the
burning edifice that is our national integrity.

May Ron Paul continue and gather more support, for at least he did represent the truth to the American people, who were busy at the time watching the
pixies and wizards in politics on their Hollywood platforms.

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